This Is Why Bitcoin Is Falling! HUGE Mt. Gox Sell Off [Bitcoin Today]

Bitcoin today: Breaking news, Mt. Gox funds in big sell-off! Over 36 thousand BTC sold since December. Did this cause the Bitcoin crash? I analyze the situation and we dive into the Bitcoin price! To the moon!

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35 thoughts on “This Is Why Bitcoin Is Falling! HUGE Mt. Gox Sell Off [Bitcoin Today]

  • March 8, 2018 at 11:48 pm

    No need to defend your TA’s. Anyone with half a brain should understand probabilities. If they don’t, then trading surely isn’t for them. Interesting re Mt. Gox. Damn, that’s a lot of money.

  • March 9, 2018 at 2:15 am

    From my years of trading I offer the following probabilities re chart formation.

    First of all, people need to understand TA studies the balance of probabilities. It never predicts.

    4 common formations.
    Ascending triangle = 78% chance of breakout to the upside (especially if in the middle third timewise of said triangle)
    Ascending pennant = 83% chance of breakdown in price.
    Descending triangle = 81% chance of breakout to downside (though for some reason DT’s are slightly bullish with bitcoin. 53% breakout upside)
    Head and shoulders = 87% chance of breakdown in price.

    All inversions the same odds in opposite directions.

    People who attack the integrity of a TA analysis due to one failure have clearly not done enough study and tend to waste their time looking for market gurus to do all the work for them.
    Markets always rewards the sincere student but only 10% achieve that success

  • March 9, 2018 at 2:29 am

    95% of all cryptos will become worthless!

  • March 9, 2018 at 3:04 am

    When a big whale decides to sell, all TA goes straight out the window.

  • March 9, 2018 at 3:07 am

    Great explanation. Thanks Bro. I subscribed.

  • March 9, 2018 at 5:14 am

    I appreciate your analogy. There is no guarantee but we have chances. I am enlightened now.

  • March 9, 2018 at 5:18 am

    Bitcoin game over:)

  • March 9, 2018 at 5:20 am

    Ru think banks let ppl fck them up ?? I don’t think so Bitcoin is only number it’s all

  • March 9, 2018 at 6:21 am

    8,500 time to BUY…….i was right all along…….yeah guilty i bought at 9,500

  • March 9, 2018 at 6:23 am

    Lets take a ride to the MOON now…..8,500 ..up,up,upppppp and AWAY……SEE YOU MONDAY….

  • March 9, 2018 at 12:20 pm

    real question is why didnt he sell OTC. deliberately crashing the market so he could short btc on the side?

  • March 9, 2018 at 2:41 pm

    i think i read he still has like 200,000 btc and bitcoin cash to sell

  • March 9, 2018 at 3:24 pm

    Well everything is off the table now.. Time to short btc. Forget the dollar price, accumulate btc. We are going down down down ๐Ÿ‘‡

  • March 9, 2018 at 3:33 pm

    Bitshitmanipcoin needs to die. Stop using it, buy Alt’s harpoon the whales.

  • March 9, 2018 at 3:54 pm

    i like your passions very intelligent person ,

  • March 9, 2018 at 3:58 pm

    Actually its proof of how big bitcoin baloon is. Tiny (considering market cap) amount of dumps causing crashes.

  • March 9, 2018 at 6:05 pm

    Stay how you are man

  • March 9, 2018 at 7:59 pm

    It’s impossible to lose a trade in crypto. The question is always are your emotionally impatient?

  • March 9, 2018 at 8:17 pm

    It’s falling because it’s completing a market cycle. We went absolutely parabolic. This REQUIRES a retracement of 80 – 90% and then a taper off to a duck tail and long consolidation period to build up fuel for the next launch.

    There will always be some news item to “justify” the price action, but price action determines the news, not the other way around. If we were in the bull part of the market cycle, this would shake off or not affect price at all and it would just continue up.

    When you are in the downward part of the cycle any bit of news will trigger selling, because people want to sell. The bloom is off the rose and people will look for any excuse to unload since they are scared shitless already.

    ALL investments do this. BTC did it twice already, this is the third time. The previous two cycles took 9 – 18 months to recoup and hit new ATH’s including a nice flat consolidation period.

    Show me one chart where an investment went parabolic and then dumped 70% and just launched from there to new ATH’s without a new consolidation period. Doesn’t happen. That chart would look like a really lopsided unbalanced mess.

  • March 9, 2018 at 8:20 pm

    i like ur video….i dont trade the BIT, but the alts mostly, but if i am wrong on the BIT, i loose more on the alts, so If i get the BIT right, i do the alts 2,…beides the charts i look mainly a total market cap, lets say 400B, then 380B, now 350B was todays low, will it continue, i ask my self, and what is the probability vs probability its starting to be pumped, so ill say its 60 vs 40 in favour of the bulls, 15.3 aproches, spring, its been quite few red candels, etc et, thats my guess on it right now.

  • March 9, 2018 at 9:57 pm

    Very nice of him to share his knowledge with us.

  • March 10, 2018 at 1:31 am

    Bitcoin along with entire altcoin markets crashing
    very good news for me ๐Ÿ™‚

  • March 10, 2018 at 7:10 am

    Bitcoin and other nebulous “currencies” are ripe and rife to be rifled and ripped from the residue of an investor’s ravaged resources. This vehicle is no good, not regulated and will have no intrinsic value in the long run.

  • March 10, 2018 at 10:29 am

    Wait…Carl…what is going on with your wardrobe? we seriously like your smart look, we were not mocking it.

  • March 10, 2018 at 2:55 pm

    This Motherf==cker! he is responsible for so many lieves destroyed! how can they give this trustee amateur so much power?

  • March 10, 2018 at 2:56 pm

    Unfortunatelly this pig still has 3/4 of his BTC in the MTGox account.

  • March 10, 2018 at 4:20 pm

    I would call BITCOIN the peoples currency , decentralized digital GOLD. The swiss are embracing it , financial geniuses they are , I would say it is the opportunity of a life time to gain financial independence from the BLOOD SUCKING LEECHES ie BANKSTERS / GANGSTERS .

    I would encourage everyone to buy at least 1 BITCOIN , put those $luts out of business for good .

    BITCOIN is undergoing baby steps right now DO NOT forget it is the 6th largest currency in the world already , and this is just the BEGINNING .

  • March 10, 2018 at 7:15 pm

    Another great video! Thank you Carl keep up the great work, you are our favorite to listen too! Much love from Las Vegas. Educational, Entertaining, and Direct to the Point again you’ve got us as happy viewers ๐Ÿ™‚

  • March 11, 2018 at 5:10 am

    You’re right, if 80% of trader are watching the same chart with the same pattern most likely every trader will follow to the up or down trend depending on how they play on the market, the pattern will get completed because everyone sees the same thing. But Mr. Fundamental comes to the table and destroy Mr. technical analysis and the price goes nuts.

  • March 11, 2018 at 5:15 am

    wait a minute. the trustee worked WITH an exchange to sell HUGE amounts of bitcoin in downwards trends? nobody in their right mind would do this!!! anybody trying to make money will sell in the highs.

    now, since huge amounts were sold in sell-offs, the only consequence is that this “exchange” – whoever they were – wanted their users to lose money. period. every experienced trader knows that amateurs panic sells and that in essence means fiat earnings for the exchange.

    this is worth a class action lawsuit. honestly.

  • March 11, 2018 at 3:52 pm

    this is the link to the 80 wallets approx. that have the 165,000 remaining btc.
    you can subscribe with your email and i guess it suppose to send you an alert when a moves happen on 1 of the wallets. but according to the news, who ever is the custodian of the coins haven’t decided what to do with those yet.
    Karl can you take a look and give us some feedback? pls

  • March 11, 2018 at 4:11 pm

    BITCOIN goes like this BUY AND HOLD , reap the rewards later. The more people buy BITCOIN the higher it will go , we should all get on board .

  • March 13, 2018 at 8:36 pm

    Nice analysis .. What you think now it goes up or down..!!

  • March 16, 2018 at 7:52 am

    I like this market better than gold/Silver just because there are a lot more smart people that can read charts and research market manipulation from a logical standpoint.

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